ARRAY Technologies to acquire APA Solar for $179m.

ARRAY Technologies, a global provider of solar tracking technology products, software, and services for utility-scale solar energy projects, agreed to acquire APA Solar, a provider of engineered foundation solutions and fixed-tilt mounting systems for solar projects, for $179m. Following the closing of the acquisition, ARRAY will begin offering an integrated tracker + foundation system, leveraging ARRAY’s advanced solar tracking technology and APA’s innovative foundation solutions. The integrated product offering will provide EPCs and developers a domestically manufactured, easy to install solution for the hard, mixed, and frost heave soil conditions that are increasingly prevalent in new solar projects. ARRAY will also continue to offer APA’s foundation solutions for other tracker systems as well as the company’s fixed-tilt racking products which are widely used in commercial and industrial solar projects in the Northeast and Midwest.